12 Communication Services Stocks Moving In Tuesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Tuesday's after-market session, several communication services stocks showed significant movement. Reddit (RDDT) led the gainers with a 16.9% increase following their Q1 earnings release, while CuriosityStream (CURI) experienced the largest drop among the losers, falling 18.7% after their Q1 earnings announcement. Other notable movers included Marchex (MCHX), Nextdoor Holdings (KIND), and ZoomInfo Technologies (ZI), all reacting to their latest earnings reports.
May 07, 2024 | 8:31 pm
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NEGATIVE IMPACT
CuriosityStream's shares fell 18.7% to $1.0 after their Q1 earnings report, with a market cap of $53.3 million.
The sharp decline in CuriosityStream's stock price post-Q1 earnings suggests a negative market reaction to their financial results.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
ZoomInfo Technologies' shares declined by 16.02% to $13.48 following their Q1 earnings, with a market cap of $5.0 billion.
ZoomInfo Technologies' significant stock price drop post-Q1 earnings indicates a negative investor reaction to their financial results.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Nextdoor Holdings saw a 9.69% increase to $2.49 in their stock price after Q1 earnings, with a market cap of $974.8 million.
The rise in Nextdoor Holdings' stock price after the Q1 earnings report suggests a positive investor response to the company's financial performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Marchex stock increased by 11.19% to $1.49 following their Q1 earnings release, with a market cap of $65.0 million.
Marchex's positive stock movement post-Q1 earnings indicates investor optimism about the company's financial health.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Reddit's stock rose 16.9% to $57.73 after announcing Q1 earnings, with a market cap of $9.3 billion.
The significant rise in Reddit's stock price following the Q1 earnings announcement indicates positive investor reaction to the company's financial performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100